Bank of England MPC Minutes, 8 & 9 June

The minutes from the 8 and 9 June meeting of the Bank of England's Monetary Policy Committee published on Wednesday 22 June showed policy makers voted 7- 2 to keep interest rates unchanged this month, with Charles Bean and Marian Bell preferring a 0.25% cut in rates to 4.5%.

``There was time to gather further evidence on the depth and extent of the slowdown in consumption to see if lower interest rates were warranted,'' according to the majority view on the Monetary Policy Committee. ``A reduc